Beijing, April 25 -- China will take necessary measures to protect the legitimate interests of its companies in response to US approval of a new export control bill, the Chinese Ministry of Commerce said on Saturday.
A US House of Representatives committee has previously approved the MATCH Act and other export control measures. The bill is aimed at tightening restrictions on chipmaking equipment and increasing pressure on foreign companies supplying Chinese semiconductor producers.
"China has taken note of the situation. Beijing consistently opposes any generalization of national security or abuse of export controls," the ministry said in a statement.
If the bill ultimately becomes law, it will seriously undermine the international trade...